Kayne Anderson Capital Advisors LP lessened its holdings in shares of Golar LNG Partners LP (NASDAQ:GMLP) by 14.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,669,124 shares of the shipping company’s stock after selling 615,459 shares during the period. Golar LNG Partners makes up approximately 1.1% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 27th biggest holding. Kayne Anderson Capital Advisors LP owned 5.19% of Golar LNG Partners worth $85,232,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Trust Advisors LP acquired a new stake in Golar LNG Partners in the second quarter valued at $9,812,000. Goldman Sachs Group Inc. grew its holdings in Golar LNG Partners by 96.4% in the second quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock valued at $18,394,000 after purchasing an additional 449,868 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Golar LNG Partners by 884.2% in the first quarter. Renaissance Technologies LLC now owns 281,517 shares of the shipping company’s stock valued at $6,289,000 after purchasing an additional 252,912 shares during the last quarter. Huber Capital Management LLC grew its holdings in Golar LNG Partners by 14.2% in the second quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock valued at $35,416,000 after purchasing an additional 219,511 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in Golar LNG Partners in the second quarter valued at $2,821,000. 46.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Golar LNG Partners LP (GMLP) traded up $0.16 during trading hours on Wednesday, hitting $21.03. The stock had a trading volume of 66,068 shares, compared to its average volume of 319,926. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.77. Golar LNG Partners LP has a twelve month low of $18.77 and a twelve month high of $25.82. The stock has a market capitalization of $1,478.25, a P/E ratio of 7.04, a P/E/G ratio of 1.25 and a beta of 0.92.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.12. Golar LNG Partners had a return on equity of 31.12% and a net margin of 43.94%. sell-side analysts forecast that Golar LNG Partners LP will post 1.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, October 30th were given a dividend of $0.5775 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $2.31 annualized dividend and a yield of 10.98%. Golar LNG Partners’s dividend payout ratio (DPR) is presently 77.78%.

Several analysts have weighed in on GMLP shares. ValuEngine raised Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. ABN Amro started coverage on Golar LNG Partners in a report on Monday, October 30th. They issued a “buy” rating on the stock. BidaskClub raised Golar LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Golar LNG Partners in a report on Friday, September 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.25.

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Golar LNG Partners Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

Institutional Ownership by Quarter for Golar LNG Partners (NASDAQ:GMLP)

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